St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-08
On the Chicago Board of Trade Dealings in
Wheat Were Only Moderately
Active.
However. the Feeling Was Quite Strong
and Foreign Advices Quoted a Mod
crate Demand.
Dry Weather Reported in the West
and southwest Fears of
DrOuth.
Transactions in the Financial Circles
of Wall Street--Genera1
Quotations.
Snecial TO the Globe.

CHICAGO. April 1T was feared the other
day that the bear party had gotten control OF
sne of the board of trade committees. There
was Just a little suspicion this morning that
the bulls had seized the signal service bureau.
All the press dispatches this morning show
that there were light rains in various parts OF
California, and the associated press dispatch
wound up by saying that the alarm over
wheat in San Francisco was little Dill re-
ieved. The signal service map did not show
any rain at all in California, not drop. 1t
didn't show any substantial rain anywhere
There was just q little dampening down ad-
mitted at Detroit. aud another ut LOUISVILLE,
and another ut Cleveland. The rest OF the
country-quite an eXpanse was left SO Tar as
the weather mans figures and colored chalk
lines were concerned-waS dry as bone. 1t
happens that the signal service man, and not
che clique, is running the wheat pit this
week. When traders walked up to the map
and saw no rain anywhere, they hurried OF
and
BOUGHT WHEAT.
That started May at $3.50, and made cit
touch $3.50. 1t was not until somebody
questioned the falsity of the map that any
body dare sell much. Then the price went
TO S33s@S31%c. Although Good Friday Is to
be holiday, naturally bear circumstance,
and although the speculation during the ses-
sion was very inactive, it was from the open
ing 10 the close a bull day May wheat kept
above S31@c and once or twice went above
S334c. A cable to Kershaw 4 Co. said that 1t
was pretty we'll settled that the English har-
vest would be. because of the bad weather,
several weeks late. The clique brokers were
buyers of June and July options to-day and
these advanced and became quite strong,
while May did not bulge. The clearances
were large, 255, 900 bu, and the export busi-
ness reported from New York was also large
for the day. The light rain in several of the
hOo ThaA
market had Everything else, cables, crop
news and speculative gossip was bullish.
THE ROUTINE REPORT.
CHICAGO, April Trading was only
moderately active IN wheat, but the feeling
was quite strong. Foreign advices quoted Il
moderate demand and firm feeling, while the
advices from the West and Southwest report
dry weather and the fears of a drouth in Cali
fornia were renewed. Interest still centerS
in the May option and is increasing some as
that month draws near. There is no shipping
demand and very little milling inquiry for
cash wheat and nearly all of the speculative
grade is being placed in store. Storage capac-
lty is rapidly being exhausted and it is estim-
ated that not more than 100000 bushels of
working room is left in the regular elevators.
Under these conditions the operations
OF the bull clique are closely
supposed deals in May wheat has
renewed interest. The prices Of May opened
at $500, or &c higher than last night, adj
vanced to S31sc, reacted TO $3.50 and closed
at S31ac. The feeling was shade firmer In
corn and trading was of moderate charac-
ter, though chiefly on local account. The de-
mand is urgent for cash property, which, with
estimated small receipts, tended to make
quite firm market. May delivery advanced
10 39S@40c. and closed for the day at 391sc.
The small receipts for oats, the stronger
market for the other cereals, together with
fha thnr Gnd fn frix-
stronger tone and shorts bought freely.
Prices ruled 5000 higher than on yesterday
and the market closed ut nearly outside fig
ureS. Provisions were less active, and prices
showed little change. Mess pork was very
sparingly dealt in. Lard ruled sc per 100 lbs
higher, but reacted again. Short ribs were
unchanged.
THE QUOTATIONS.
Wheat-No. 2, April opened at 7s14c. clos
ing at 7S14c; May, S35sc, closing at S31@c;
June, S1$4c, closing at Sl54c; July, Slc clos
ing at sl1sc. Corn-No. 2, April. $3.50. closing
at $3.50: May, 3934c, closing at 39$40397sc;
June, 401sc. closing at Ale: july, 421sc, closing
at 42z4@423sc. Oats-No. 2 A pril, 2415c, closing
at 241ac; May, 291ac, closing at 291ac; June,
SOC, closing at 3Oc Mess pork, per barrel
April, S20.75 closing at $50. rs; May, $2l, clos
ing at SCI; June, S2l, closing at 81. Lard, per
100 pounds-April, s7.2711&a. closing at S7.271S;
May, $3.50, closing at $7.321a; June. S7.35; clos
ing at $40. Short ribs per 100 pounds
April, IS. 05, closing at $S.05; May, $S.l5, clos
ing at SS.15; June. $500, closing at SS.22h.
Cash quotations were as follows: Flour
quiet and unchanged. Wheat-No. spring.
TSH@sl1ac; No. spring, 73a@71c: No. 2
red, s1@s11ac. Corn--No. q 3434@3Sssc. Oats,
No. 2. 2419@2s1c. Rye-No. 2, sac. Bar
ley-No. ., Size. Flax Seed-No. l, $1.06L.
Observation-Disclosures, 81. 62@163 Mess pork.
per Dbl, $2O5O@2O.T5. Lard, per 100 lbs, $7.25
@T.271@. Short ribs sides, loose, SS05; dry
sailed shoulders, boxed, $6.1O@6.25; short
clear sides. boxed, SS.50@S.55. Whisky, dis
tillers' finished goods. per gal, Sl.1s. SUI
gar-Cut loaf, 6A@65sc; granulateG, 61ac;
standard A, 55Sc. Receipts-Flour, $4,000
bbls; wheat, 1000 bu; corn, e11,O0c blu; oats,
10000 bu; rye, 1000 bu; barley, $4,000 bu.
Shipments-Flour, $4,000 bbls; wheat, 81, 900
bu: corn, $1,000 blu: oats. 100000 blu: rye,
5000 bu; barley, 43.0OO bu. On the produce
exchange to-day the butter market was act
i've; creamery, 2214G2Sc per ID; dairy, 22@
26c. Eggs, 121a913c per doz.